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FOREIGN LESSORS
Ownership mandate in new Shipping Law may dampen GIFT city’s global ambitionsIndia is reviewing maritime laws, proposing a 51% Indian ownership rule for registered ships. This change could significantly affect ship l...- Taxman stumps Irish firms, upturns aircraft dealsIreland-based aircraft leasing firms, long favored by Indian airlines, face scrutiny from India's tax department for possibly exploiting ta...
- NCLT notice to SpiceJet on 3 insolvency pleas filed by lessors for arrears worth Rs 77 croreNCLT issued notice to SpiceJet over insolvency petitions by lessors AWAS 36698, AWAS 36694, AWAS 36695 for ₹77 crore arrears. Legal argumen...
- AWG downgrades India again as lessors fail to get back planes from Go FirstGlobal watchdog group Aviation Working Group (AWG) downgraded India to "negative" from "positive" on Thursday as foreign lessors have not b...
- India insolvency law change on leased aircraft would have to apply retrospectively: DGCAIndia's aviation regulator DGCA has said that changes to Indian laws excluding leased aircraft from assets that can be frozen during airlin...
- Delhi HC directs Go First to provide lessors with essential documents within 14 daysThe Delhi High Court has ordered Go First's Resolution Professional (RP) to provide essential documents of the aircraft to the lessors with...
- Go First says airline's revival could be derailed by lessors' demandsGo First, the grounded Indian airline, may face further obstacles in its revival as aircraft lessors demand certain records pertaining to m...
- Dubai Aerospace flags corrosion in plane leased to India's bankrupt Go FirstDAE Capital has raised concerns about the maintenance of planes leased to Go First in an Indian court. DAE submitted pictures showing corro...
- Go First lessor seeks replacement of parts 'robbed' from grounded planes in IndiaAn Ireland-based lessor wants cash-strapped airline Go First to replace "robbed" parts from its leased jets and allow it to appoint round t...
- India to decide on Go First bankruptcy, lessors seeking planes fear impactGo Airlines (India), recently rebranded as Go First and the country's fourth-largest carrier, will learn its fate on Wednesday in a bankrup...
- Carlyle Aviation to convert lease rental dues to equity in SpiceJetPeople aware of the development said Carlyle will take an equity stake of around 5% in the company. SpiceJet will also issue Convertible De...
- Hard landing: Lessors lose hope of getting Russian planes backMost of the planes are still flying Russian domestic routes, IBA consultancy says, although Bermuda and Ireland - where most are registered...
- Russia could refuse to return leased aircraftIf a foreign lessor terminates the agreement, a special government commission is to decide whether the aircraft can be returned or rule tha...
- New aircraft rule to give lessors greater confidence: GovernmentUnder a new provision under Aircraft Rules, 1937, the lessor upon cancellation of registration of an aircraft can approach the government f...
- DGCA proposes new rules to enable import of foreign registered aircraftLast month, the civil aviation ministry had called a meeting of aircraft lessors as part of efforts to ensure availability of aircraft to i...
- DGCA proposes new regulation to enable operators to import foreign registered aircraftsCurrently, any aircraft that is being brought to India has to be first registered with the DGCA. The rule has been seen as a hurdle in taki...
- Government proposes deadline to fly back de-registered leased planesThe Civil Aviation Ministry has proposed amendments to the Aircraft Act, 1937, in order to make it more easier for aircraft lessors to carr...
- Foreign planes may soon fly without Indian registrationThe proposal, once implemented, would bring cheer to aircraft lessors by reducing the compliance requirements as well as make the process e...
- Foreign-registered planes may get nod to operate in IndiaExemption from this rule will make it easier for the lessor to take back the aircraft in case of a dispute with the airline operating the a...
- Cautious approach towards Indian carriers by leasing cos: CAPAAircraft leasing companies and financers have started adopting a cautious approach towards carriers, with threatening to pull out of India.
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